Selling your home to a real estate investor can be an efficient, simple, and profitable way to sell your Overland Park property. In our latest post, we’ll discuss how it works, what you can expect, and how to determine if it is the right selling method for you!
When people initially decide to sell a house in Overland Park, their first thought may not be to find a real estate investor to work with. However, the right investor can save a property owner thousands, in addition to all the time that can potentially be saved. Working with a buyer such as the Tuckers at kcmoHomeBuyer will allow you to avoid the traditional selling costs, save you time on the sale, and give you the peace of mind in knowing that once an offer has been accepted, you can consider the house sold. Below are a few things you should know about selling your house to a real estate investor in Overland Park, as not all real estate investors have the 20 years of experience and the trusted funding partners that the Tuckers have.
Preparing Your Property
The beauty of working with a direct buyer or property investor is that there is usually very little if any prep work that needs to be done before selling a Overland Park home. Most buyers will purchase the property as is, saving you the time and effort of getting it ready for a sale. With a listing, it is important the property be kept clean at all times in case of a last minute showing request from a potential buyer. You’ll want to show your home in the best light for everyone who comes to see it. By selling directly, you won’t have to worry about strangers traipsing through your house or keeping the property in showing-ready condition at all times.
Almost all real estate investor buyers could care less about your stuff. When they come to view your home they are looking at the house itself, not the things in it. Although if you have rooms where there is so much stuff that they can’t see the house, they might have to guess a little on condition.
One of the major perks about working with a direct buyer when selling your Overland Park house, is all the cash you’ll be able to save. There aren’t usually any costs when you work with a professional investor. The house is typically purchased as-is, not requiring any repairs or maintenance be done before it is sold. There is no need to clean, stage, or even market the house which can ultimately save thousands.
With a traditional listing, you aren’t free of the costs even after a buyer has been found. After the appraisal and inspection, you might be faced with even more repairs. When the property eventually closes, there are commissions, agent fees, and many other costs that must be paid out of the proceeds of the sale. When you choose a direct sale, commissions and agent costs go out the door. You will still have title company fees and tax prorations, but you’ll be able to keep more money in your pocket when all is said and done.
When you work with a direct buyer, the amount of time saved can sometimes be shocking. It is not uncommon for houses to stay on the MLS for months at a time. However, with a direct sale, the process is usually completed in only a matter of days. We make things easy and efficient so you can sell your house quickly and move on.
A fast sale helps you to avoid any more holding costs for the property. Instead of officially selling your house months down the road, selling right away saves you money on your property taxes, homeowners insurance, utility bills each month, and regular, routine maintenance.
Do ask how quickly your real estate investor buyer can close and if they can close on a particular day. Some investor buyers are putting a home under contract and then shopping that contract with other buyers to see what they might pay. If they can’t find an end buyer, they may or may not be able to purchase your house. Here at kcmoHomeBuyer when you negotiate a closing date, we are ready to buy on that date, be it ten days from now, two months, or longer.
Not All Buyers Are The Same
When discussing direct buyers and real estate investors in Overland Park, it’s important to note that not all of them are the same. The points above are true for the team at kcmoHomeBuyer, however, if you choose to work with another buyer, make sure you find out how their process works. Some buyers may require repairs be made, or that you wait to close until they have found a new buyer for your home within their network.
Before signing the contract, make sure you are asking all of the right questions so you know what to expect. What are they going to pay? When are they going to buy? How are they going to fund the purchase? What can you leave behind? What can you take with you? What if you have to delay the closing?
Investors Aren’t Bad Guys
We simply have a passion for real estate and make our living fixing up properties in the neighborhoods and towns we love most. It’s true, we do this to make a profit, after all, we have bills to pay as well. But do keep in mind that when a real estate investor buys your house, they are stepping into your shoes and taking over all the things that need to be completed: Clean out the house, make the needed repairs, making updates and upgrades to bring the home to today’s selling standards. And while we do that we also have to pay taxes, insurance, utilities and other upkeep. And at the end of the day, all of those things cost money.
And here at kcmoHomeBuyer we are a bit different. If you are reading all this and saying, my house is in great shape and needs no repairs. It’s already looking good. Well, in that case you may be better served to work with our sister company Realty Resource and listing your home for sale. If you don’t have things to repair and fix and you have a couple three or four months, it may make sense to list the home for sale to net a bit more in proceeds, even after all the commissions, fees and repairs.
It’s about helping local homeowners find the best options in the Overland Park area. The common misconception is that a real estate investor will only be out for themselves, but we would rather help you find the option that fits your needs. That may be a fast, as-is, cash sale to us and it may be a bit longer listing with our sister company.
Once you get in touch with kcmoHomeBuyer, you’ll quickly find that we do want to help.
Selling your home to a real estate investor in Overland Park can be a smart and profitable way to sell. Get in touch with us today to learn more about what it can mean for you! (816) 408-3600
HELPED ME THROUGH THE PROCESS
Words cannot express how Kim’s hard work has affected my family. After a death in my family, I was left with a home out of state that had been abandoned and no banks would even claim the loan! Kim helped me figure out how to determine ownership, what to do about the taxes, and how to clear up the loan status so the property could be sold. She helped me through the process every step of the way, despite my frazzled mindset after losing a loved one. There is no one better, she’s simply the best!